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Assignment Problem Four - 1 (Personal Tax Credits - 5 Cases) In each of the following independent Cases, determine the maximum amount of 2020 personal
Assignment Problem Four - 1 (Personal Tax Credits - 5 Cases) In each of the following independent Cases, determine the maximum amount of 2020 personal tax credits, including transfers from a spouse or dependant, that can be applied against federal Tax Payable by the taxpayer. In all Cases, the taxpayer's Net Income For Tax Purposes is equal to their Taxable Income. Ignore, where relevant, the possibility of pension income splitting. A calculation of Tax Payable is NOT required, only the applicable credits. 5. Clarice McBryde has Net Income For Tax Purposes of $132,400, all of which is employment income. Her employer has withheld the maximum El and CPP contributions. She and her husband, Moishe, have two children aged 11 and 13. Moishe and the children have no income of their own during the current year. The 13 year old child was severely injured in a car accident two years ago and qualifies for the disability tax credit. No amount was paid for attendant care for this child during the cur- rent year
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